It can be risky buying shares into new highs – usually divergences in an overextended market serve as decent “take profits” signals while breakthroughs of rising-arc trendlines like these also offer “take profit” signals along with very aggressive “sell short” brief time-horizon trades.

If you’d like to learn more about similar “Arc Trendline” patterns, see any number of prior posts on this concept of “Parabolic/Arc Trendlines:”